The Cabinet Committee on Political Affairs (CCPA) will meet later today and there is a possibility for a discussion about the fuel price hike, as reported by few media agencies. The Cabinet was looking forward UPA Chairperson Sonia Gandhi's return from her foreign trip to decide on the fuel price hike.
Oil companies have been insisting on for Rs 5 hike in petrol prices. They also want a hike in diesel, LPG and kerosene prices. Diesel, domestic LPG and kerosene rates have not been changed since June 2011 even though cost of production has gone up 28%. The Oil Ministry had circulated a Cabinet note on fuel price hike. Finance minister P Chidambaram was reportedly supporting for a hike in fuel prices.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: